About Lakshmi Vilas Bank

Established in 1926, Lakshmi Vilas Bank is one of the small sized old private sector banks. The bank provides a wide array of services and products for retail and commercial banking including deposits, loans, NRI services, RTGS/NEFT facility, kissan card, forex services etc. It also distributes mutual fund products and insurance products. It has a distribution tie-up with AVIVA Life Insurance and Bajaj Allianz General Insurance. It has also tied‐up with Weizmann Forex Ltd for extending Western Union Money Transfer facility. The bank has expanded its network to other states apart from Tamil Nadu, like Andhra Pradesh, Karnataka, Kerala, Maharashtra, Madhya Pradesh, Gujarat, West Bengal, Delhi, Uttar Pradesh and Pondicherry. It has a good number of bank branches and ATMs spread across the length and breadth of the country. The head branch of the bank is situated in Chennai. It has one satellite office and eight extension counters across 15 states and one Union Territory. Through its wide network of branches and offices, the bank renders the quality service to all its customers and works towards the attainment of its objective. For its consistent performance, the bank is recognised as one of the trustworthy and reliable banking institutes in the country.

Address of Lakshmi Vilas Bank Branches in Hyderabad

The complete address, IFSC Code, MICR Code and customer care details of Lakshmi Vilas Bank branches located in Hyderabad is mentioned in the table below:

Products Offered by Lakshmi Vilas Bank in Hyderabad

Lakshmi Vilas Bank provides a wide array of banking products and services to turn a consumer’s experience into worthy one. To help the residents of Hyderabad overcome their financial and banking problems the bank has launched multiple products and they are as follows:

Salaried persons who are permanent employees of State / Central Government, Public Sector Undertakings / Corporations, Private Sector Companies of repute, Reputed Establishments or Professionals.Self-employed persons, Businessmen & Agriculturists.Maximum age of the borrower should not exceed 65 years on the maturity date of the loan. The minimum annual income of borrower should be ₹ 1,20,000.

Customized

9.65% - 12.40%

As per bank’s norm

Up to 6 years

Loan Against Property

Individuals including salaried, self-employed and agriculturist.Proprietary concerns, Partnership Firms, Private/ Public Limited Companies, Deemed Limited Companies.The minimum age of the applicant should be 21 years.The maximum age of the salaried individual should not exceed 60 years while for others the maximum age limit is 65 years at the time of loan maturity.

Customized

12% p.a.

As per bank’s norm

Up to 10 years

Business Loan

Well established business entities earning profit

Customized

10.60% - 13.10% p.a.

As per bank’s norm

Up to 7 years

Gold Loan

Individuals and business entities

₹ 50,000 to ₹ 50,00,000

9.85% p.a. -10.10% p.a.

0.50% of the loan amount, subject to minimum of ₹ 100

Continuation of facility based on annual review

Education Loan

The student should have secured admission to professional/ technical courses in India or abroad through entrance test/merit based selection process after completion of high school.Eligible Courses:

For studiesin India: ₹ 10 lacs For studies in abroad: ₹ 20 lacs

Girls - Upto 12.60% p.a.Boys - Up to 12.85% p.a.

Nil

Up to 15 years

Fixed Deposit

An individual either solely or jointly A minor jointly with a majorHUFJoint Stock CompanyProfessionals Partnerships FirmsCompaniesClubsSocieties & Corporates

Minimum - ₹ 100 Maximum - No Ceiling

4.50% - 7.50%

-

15 days to 10 years

Documents Required:

The list of documents required to avail the benefit of the financial products are given below:

Product Name

Documents

Home Loan

Proof of identity (photocopies of Voters ID card/ Passport/ Drivinglicence/ IT PAN card)Proof of residence (photocopies of recent Telephone Bills/ Electricity Bill/Property tax receipt/ Passport/ Voters ID card)Proof of Income - Original Salary Certificate from employer, TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt., Acknowledged copies of three years I.T. returns/ Assessment Orders, Photocopies of challans evidencing payment of Advance Income TaxProof of business address for non-salaried individualsStatement of Bank Account/ Pass Book for last six monthsSignature identification from present bankersPersonal Assets and Liabilities statement

Application form & appraisal form as prescribed in our circular instructions.Certified copy of admission letter issued by the college/university/ institute.Certified copies of relevant past academic records, including mark sheets, examination/degree/ diploma certificates, etc.Copies of prospectus, syllabus and full details of course of study along with details of tuition fee & other fees payable.Testimonials from two professors/ teachers of the college/school last studied.Copy of IT/WT assessment orders of the parent/grandparent/ guardian, if an assessee. If the student himself is an assessee, then copies of the latest IT/WT assessment order pertaining to his income/wealth.Form 111 of the parent/guardian / grandparent/student.Legal opinion and valuation report on the property offered as collateral security.In the case of students going abroad, besides the above, copies of the Passport, Visa, details of scholarships/assistance if any and the necessary evidence of admission to the institution abroad, etc. to be obtained and verified with the originals. Stamped forms:a.F. No: 600 (A)- Demand Promissory Noteb.F.No.83 (R) - Letter of undertaking for repayment of instalment.c.F. No. 451-Letter of authority.d.F. No. 353- Educational term loan agreement (Stamped form)e.F.No.200 (R) - Letter of Guarantee (Stamped form).f.F.71 – Memorandum of deposit of title deeds.

Disclaimer: The word ‘wish’ in the context of Wishfin.com is to be understood as an expression of desire or aspiration by the user, and not as a promise of fulfillment by Wishfin. We do not provide loans on our own, but merely ensure that your information is sent to the bank you have opted for. Wishfin has no sales team of its own. We just help you compare loans. We do not guarantee any loans as the loans are sanctioned by Banks and Nbfcs as per their discretion and decision. Read More